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here is what republicans believe will happen, we'll hit the debt ceiling, the republicans will threaten to push the country into debt ceiling, unless the republicans allow enormous cuts. and no tax increases. so in the end you will have enormous spending cuts and increases in taxes. the republicans say no way, they will not be held hostage on the debt ceiling. and if republicans want cuts coming up, they have to off set it with tax increases. and if the white house is right about it, then i think we'll look back, add up all the numbers and it will look like a pretty good deal. with one exception, we're losing the stimulus and not replacing it. but if the white house is right they can get taxes in the next phase of the deal too, i think it will look good. >> yeah, ezra, and i'm prepared to analyze what this deal was right here without necessarily making it how good it is depending on what happens in the future. but i agree with you what is coming. and jared, i agree with the president very carefully about what he is saying, he will not negotiate on the debt ceiling. he has absolutely rul
here is what republicans believe will happen, we'll hit the debt ceiling, the republicans will threaten to push the country into debt ceiling, unless the republicans allow enormous cuts. and no tax increases. so in the end you will have enormous spending cuts and increases in taxes. the republicans say no way, they will not be held hostage on the debt ceiling. and if republicans want cuts coming up, they have to off set it with tax increases. and if the white house is right about it, then i...
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ceiling does that's what the republicans don't want to shade tree with you and a lot of people don't understand i think what the debt ceiling actually does and i do agree that we should have to pay our bills that brings us back to the real problem that we have in america which is a spending problem our spending is out of control and you know and then we have the opposite in consequence of both too much spending and not enough. i mean you've got to give corporations are paying nine percent they're paying nine percent of the cost of government operations right now they're paying thirty five percent during the i doubt that's true that's a totally different that's a totally no better going to used to come from we didn't have this problem before knowing what the problem that we have right now is a spending problem we can't afford to pay all the money that we're paying and entitlements and welfare and food stamps we have is nearest to the deficit a penny and ronald reagan would be the first tell you that i wasn't specifically talking about social security i'm talking about again food stamp
ceiling does that's what the republicans don't want to shade tree with you and a lot of people don't understand i think what the debt ceiling actually does and i do agree that we should have to pay our bills that brings us back to the real problem that we have in america which is a spending problem our spending is out of control and you know and then we have the opposite in consequence of both too much spending and not enough. i mean you've got to give corporations are paying nine percent...
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Jan 3, 2013
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and i guess my question is will republicans in the senate hold up a debt ceiling unless and until let's say they get a spending sequester or substitute or something that you can get your arms around. >> well, certainly what i'm going to be pushing for, larry -- one of the things i've been pointing out is we've had this revisionist history that said the last debate resulted in a debt downgrade because of the messy debate. that's not what caused the debt downgrade. what caused that debt downgrade is the fact that the debate did not result in a solution to the problem. when president obama unbelievably said we're not even going to have a debate this time. oh yes, we are, mr. president. because every time you come to congress and you ask for the authority to increase the debt burden on our children and grandchildren, that is a debate that we must have and that we will have, and the time, let's do it in public. let's utilize regular order. let's utilize the floor of the senate. supposedly the greatest body that harry reid has turned s ee a deal making body. that's got to end. that's how we d
and i guess my question is will republicans in the senate hold up a debt ceiling unless and until let's say they get a spending sequester or substitute or something that you can get your arms around. >> well, certainly what i'm going to be pushing for, larry -- one of the things i've been pointing out is we've had this revisionist history that said the last debate resulted in a debt downgrade because of the messy debate. that's not what caused the debt downgrade. what caused that debt...
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reduction in short-term. >> look, republicans should be ready to fight on debt ceiling. i don't think they should kid themselves as long as president obama is president. especially as well as while the democrats control the senate there is not appreciable reduction in deficit. the only way they would bebe is if there is faster economic growth. but the end of the day president obama is happy running $1 trillion deficit for four years and happy to run the $1 trillion deficit next year. republicans might make a difference on the margin, but they need to think ahead of time. what are they going to ask for at the end of february when the tet ceiling and the sequest every run out and continuings out in march as well? they can ask for the spending cut. look at regulatory situation. we want the economic growth. at the end of the day, the president is not solving the debt and deficit problem. we can emeal rate the problem and the next president can get serious. economic growth and regulatory relief, postponing obamacare for a year or two. there are proposals to suggest that would
reduction in short-term. >> look, republicans should be ready to fight on debt ceiling. i don't think they should kid themselves as long as president obama is president. especially as well as while the democrats control the senate there is not appreciable reduction in deficit. the only way they would bebe is if there is faster economic growth. but the end of the day president obama is happy running $1 trillion deficit for four years and happy to run the $1 trillion deficit next year....
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Jan 4, 2013
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republicans are treating the debt ceiling as a bargaining chip. the senate republican leader thinks he has a winning hand here. mitch mcconnell is leading the charge to get major concessions out of the president of the united states in exchange for a vote to increase the debt ceiling. mcconnell wrote an op-ed for yahoo news today saying the fiscal cliff fight represented "the last word on taxes. that debate is over. the strategy is only increase the debt limit if there is an equal amount of spending cuts. we simply cannot increase the nation's borrowing limit without committing to long overdue reforms to spending programs that are the very cause of our debt." that's what makes my blood boil. it is the wars that started all of this that they never paid for. so according to mcconnell, there will be no new revenue to reduce the deficit, just cuts to spending programs like the big three. he wants the president to play ball. or else the country will default on its debts, its good faith, and the united states around the world. mcconnell told his caucus
republicans are treating the debt ceiling as a bargaining chip. the senate republican leader thinks he has a winning hand here. mitch mcconnell is leading the charge to get major concessions out of the president of the united states in exchange for a vote to increase the debt ceiling. mcconnell wrote an op-ed for yahoo news today saying the fiscal cliff fight represented "the last word on taxes. that debate is over. the strategy is only increase the debt limit if there is an equal amount...
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in order to avoid that disaster since the republicans are trying to use the debt ceiling to bl k blackmail the country say by saying it's a nice economy, pity to blow it up if you have don't pay our ran sam. dr ran some. -- ransom. >> you just said there should not be a fight over the debt ceiling but will there be? is there anything about the history of this issue that suggests there won't be a fight? >> there will be a fight unless the president takes it off the table by invoking his ability to say i'm going to ignore the debt ceiling when and if it -- when and if it says that we can't pay the bills that are lawfully incurred because that would violate the 14th amendment. if the president is willing to invoke the 14th amendment, he can take it off the table. the republicans would yell and scream but he's has the right to invoke the 14th amendment and the republicans can take it to court. >> we're going to bring in our panel. hi, guys. good to see you all. >> good morning. it's want to start with what's happening at the top of the hour, robert. we have the 113th congress reconvening at no
in order to avoid that disaster since the republicans are trying to use the debt ceiling to bl k blackmail the country say by saying it's a nice economy, pity to blow it up if you have don't pay our ran sam. dr ran some. -- ransom. >> you just said there should not be a fight over the debt ceiling but will there be? is there anything about the history of this issue that suggests there won't be a fight? >> there will be a fight unless the president takes it off the table by invoking...
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it's actually worked pretty good effect thus far on things like the fiscal cliff and debt ceiling. republicans will try to draw a line somewhere. i'm not sure why yet. >> they thought they could draw it on national security with chuck hagel, and we've seen in the last 48 hours the president picked up the phone and he cauldron widen. he hasn't called too many senators too often, even in his own party. he cauldron widen because they had a real obstacle, and he knew that his cia nominee, his close friend, someone he is really eager to have confirmed john brennan, was in trouble going to that hearing. now not so much trouble. >> not so much trouble. these hearings are always as much about the -- using the moment as a lever to dislodge things that congress wants as they are about the nominee himself. i don't think there were a lot of questions about john brennan's kwaul ficks for the job. if i might say to live township the transparency that's been happy to profess. can i go back to the state of the union? i want to add a little bit of a note of caution to all this presidential huffing
it's actually worked pretty good effect thus far on things like the fiscal cliff and debt ceiling. republicans will try to draw a line somewhere. i'm not sure why yet. >> they thought they could draw it on national security with chuck hagel, and we've seen in the last 48 hours the president picked up the phone and he cauldron widen. he hasn't called too many senators too often, even in his own party. he cauldron widen because they had a real obstacle, and he knew that his cia nominee, his...
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Jan 5, 2013
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we just hit the debt ceiling at $16.4 trillion. again, we can't -- >> ron reagan, a quick final word. >> listen, the republican administration that preceded the obama administration is responsible for most of our debt -- >> absolutely they are. absolutely they are. >> indeed. >> we helped get rid -- >> there you go, common ground. >> you don't hold people that are suffering hostage. >> thank you, both. >> not the right way to go. >> thank you, ron reagan and barney keller. we appreciate you both. >>> michele bachmann is trying to do something that's failed the previous 33 times it's been attempted. that's next in the "sideshow." >>> remember, if you want to follow me on twitter, you just need to figure out how to spell smerconish. this is "hardball," the place for politics. >>> back to "hardball." now to the "sideshow." first, photo-op, photo shopped. no doubt nancy pelosi is proud the house democratic caucus for the 113th congress has more female members than any previous session. a photo-op of the congresswomen took place on the
we just hit the debt ceiling at $16.4 trillion. again, we can't -- >> ron reagan, a quick final word. >> listen, the republican administration that preceded the obama administration is responsible for most of our debt -- >> absolutely they are. absolutely they are. >> indeed. >> we helped get rid -- >> there you go, common ground. >> you don't hold people that are suffering hostage. >> thank you, both. >> not the right way to go. >>...
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that debate and whether to raise the debt ceiling republicans have signald that they are going to use that to try to get spending cuts and entitlement reforms. >> and i expect it going to end up with a patch and what is from the point of view of our fiscal problems another failure as tonight. and the reason is if you have two elements in this the, the president and the republican house which will be on more equal strength and they will resist each other and go to the last minute and they will work out another useless extension and have to fight again. the reason i say that is that everybody spoke about what we would do tax reform after the election and entitlement reform after the election. we see a president now who is not interested in either and tax reform is the one thing that has debt reduction commission -- that his debt reduction commission had recommend the. when regan worked it out with tip o'neill in 1986 there was an enormous success. eliminate the deductions and lower the rate. this will be a titanic struggle that will not be solved at debt ceiling time. >> bret: check in
that debate and whether to raise the debt ceiling republicans have signald that they are going to use that to try to get spending cuts and entitlement reforms. >> and i expect it going to end up with a patch and what is from the point of view of our fiscal problems another failure as tonight. and the reason is if you have two elements in this the, the president and the republican house which will be on more equal strength and they will resist each other and go to the last minute and they...
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if you are going to fault republicans to bring to us debt ceiling brink, point out that the democrats played the same game. that is not just republicans who are balking at raising the debt ceiling, that means saying that theteams did the same thing. major is pointing out to the president's face that the president has done so himself. i'm not saying, nor is major garrett, who is right or wrong but fair is fair. continuing spending debate in washington, not covering both parties fair or up fair is both. would it kill you to say that the democrats are just as obstinate for not wanting to cut spending. if republicans are adamant on taxes, democrats are adamant when they are not on spending and that's not obstructionist? point out the oddity and the time. like nancy pelosi trying to
if you are going to fault republicans to bring to us debt ceiling brink, point out that the democrats played the same game. that is not just republicans who are balking at raising the debt ceiling, that means saying that theteams did the same thing. major is pointing out to the president's face that the president has done so himself. i'm not saying, nor is major garrett, who is right or wrong but fair is fair. continuing spending debate in washington, not covering both parties fair or up fair...
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to you, marion was just saying we get to this debt ceiling republicans are saying thisis our going to get spending cuts. is that a strategy that works? >> is what we have tried twice before. we really want to basically anti as the american public more than they are today to all you have deduced that this government down. they had to come up with a significant alternative, unify parties, the majority of their own members voting in one way or the other. my argument is it's not a slap on the back. they lost the moral high ground, the one significant issue that they have always been consistent on. that's basically taxes. they threw them away. gerri: jonathan, your forecast on what happens with the debt ceiling. you brought it up. what do you see happeng? >> i disagree. i think this is a special case on taxes. it was historically unprecedented. you have these tax increases that expired. a very different case in 1990 or '83 when they passed tax increases. at the co-ceo of unity among the republicans when they go to the president and say when he began spending. let's see what you have. the p
to you, marion was just saying we get to this debt ceiling republicans are saying thisis our going to get spending cuts. is that a strategy that works? >> is what we have tried twice before. we really want to basically anti as the american public more than they are today to all you have deduced that this government down. they had to come up with a significant alternative, unify parties, the majority of their own members voting in one way or the other. my argument is it's not a slap on the...
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now, even pat thume in the senate, he wants to see the government shut down in the debt ceiling. when you've got crazy people like that, there is no hope of getting something done that's good for the country. >> but congresswoman, give me a sense from inside the beltway. when you see boehner voting for the deal and cantor voting against the deal, how big a deal is that? >> well, some say that john boehner, tomorrow, may not win on the first ballot in his caucus -- in his conference. to be the speaker. i don't really know what that means. you have paul ryan and john boehner voting for it and eric cantor voting against it. clearly, there is a split. but john boehner, let's face it, is kind of from the old school of politicians and a leader who wants to negotiate. the problem is he can't really hold his conference together. he's not a great leader of his conference. >> neah malika, let's pick that up. right wing media saying boehner could be pushed out tomorrow. the headline says sources say there are enough republicans willing to unseat speaker boehner. and then there's been, like,
now, even pat thume in the senate, he wants to see the government shut down in the debt ceiling. when you've got crazy people like that, there is no hope of getting something done that's good for the country. >> but congresswoman, give me a sense from inside the beltway. when you see boehner voting for the deal and cantor voting against the deal, how big a deal is that? >> well, some say that john boehner, tomorrow, may not win on the first ballot in his caucus -- in his conference....
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ceiling. republicans say they want big entitlement cuts in exchange for their votes. the president, anthony, says he's not negotiating. >> mason: nancy, is speaker boehner in any trouble over all this? >> well, the speaker does come up for a vote tomorrow about whether he gets to keep his speakership. there were certainly some conservatives who were frustrated about the fact that they had to take this vote on the bush tax cuts but most don't seem to be blaming him. they knew the tax cuts were expiring, they knew that the political reality was that they weren't going to be able to keep all of them so most of them don't seem to be holding the speaker accountable. >> mason: nancy cordes at the capitol. thanks, nancy. with the budget deal done president obama resume it had vacation he'd been forced to cut short. he returned early today to hawaii to rejoin his family. the white house has not said when the president will sign the budget bill, only that it will be done "in a timely fashion." and the
ceiling. republicans say they want big entitlement cuts in exchange for their votes. the president, anthony, says he's not negotiating. >> mason: nancy, is speaker boehner in any trouble over all this? >> well, the speaker does come up for a vote tomorrow about whether he gets to keep his speakership. there were certainly some conservatives who were frustrated about the fact that they had to take this vote on the bush tax cuts but most don't seem to be blaming him. they knew the tax...
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the republican misinformation campaign on the debt ceiling got a big shot in the arm today thanks to senator john cornyn of texas. cornyn wrote an op-ed discussing the coming deadlines of the sequester, the continuing resolution to fund the government, and the debt limit. it may be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country, rather than plod along the path of greece, italy and spain. it caught the attention of a lot of folks. let's be clear. not raising the debt limit is not the same as a partial government shutdown. it would cause an immediate financial collapse with long-term national and global consequences. senator cornyn's office was asked if his government shutdown comments refer to the continuing resolution to fund the government or the debt ceiling or both. a spokeswoman said she didn't see a distinction between the two in terms of republicans using them as leverage. she says "i wouldn't look too much into it." she said," i think there are three big deadlines." you think? republicans want to use those thre
the republican misinformation campaign on the debt ceiling got a big shot in the arm today thanks to senator john cornyn of texas. cornyn wrote an op-ed discussing the coming deadlines of the sequester, the continuing resolution to fund the government, and the debt limit. it may be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country, rather than plod along the path of greece, italy and spain. it caught the attention of a lot of...
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they have so much on their plate, as you mentioned, including the debt ceiling coming up very quickly and the deficit. the 113th congress takes its oath this afternoon, 56 new democrats, 38 new republicans, and a record number of women. the youngest, hawaii's tulsie gabrin and the first hindu ever elected. john boehner expected to be elected speaker but 17 conservatives could derail. that he announced the first order of business, a vote friday to provide billions to victims of superstorm sandy. >> the bottom line is that between friday morning and january 15th, two votes will bring in $60 billion is absolutely necessary for new york, new jersey, and connecticut. >> reporter: also tops on the agenda, raising the debt ceiling. republicans will insist on cutting spending first. >> the president is addicted to spending. he wants to spend. he wants a new credit card after he's maxed out the last one. >> the president thinks he's not going to negotiate. he better think again. he's president of the united states. he's not emperor of the planet. >> reporter: the last time the congress fought
they have so much on their plate, as you mentioned, including the debt ceiling coming up very quickly and the deficit. the 113th congress takes its oath this afternoon, 56 new democrats, 38 new republicans, and a record number of women. the youngest, hawaii's tulsie gabrin and the first hindu ever elected. john boehner expected to be elected speaker but 17 conservatives could derail. that he announced the first order of business, a vote friday to provide billions to victims of superstorm sandy....
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way into oblivion. >> last night, the president warned republicans not to use the debt ceiling as a bargaining chip. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> nbc's kelly o'donnell is live on capitol hill. and nbc's mike viqueira joins us from the white house. kelly, let's start with you. you look remarkably well for what i can only mablg has been a rough last couple of days. >> oh, you're kind, chris, thank you. >> we rolled out kind of a basic nuts and bolts of the deal. give me a sense on what the mood is, how people are feeling? do people feel republicans won, democrats won? is there a winner in something like this? who got what they wanted and who didn't? >> reporter: well, if you can look past the exhaustion and the over-caffeinated atmosphere that everyone has hear, i think you do see that most people will say that the president gets a victory on this and that democrats have plenty that they are happy about in the package, and that republicans
way into oblivion. >> last night, the president warned republicans not to use the debt ceiling as a bargaining chip. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> nbc's kelly o'donnell is live on capitol hill. and nbc's mike viqueira joins us from the white house. kelly, let's start with you. you look remarkably well for what i can only mablg has...
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i think that will continue into the fight over the debt ceiling. the thing that the whi house doesn't like is they feel like a lot of this stuff is so unnecessary. this isn't something that ultimately. he can put that he extended a tax cut for the middle class, and that should be considered an achievement for him, but dealing with the debt ceiling, these aren't huge sweeping achievements he can say, look, i did something amazing. if it's something like entitlement reform, tax reform, that might be an achievement, but patching these things that have become almost catastrophic things that could happen is, in their estimation, sort of a waste of time. >> yeah, congratulations, we just didn't fail bigger. it's frustrating to have this conversation. that you you very much for that. not only does congress have to deal with the debt ceiling next month. they also have to deal with the sequester, remember that series of cuts in federal spending that will reduce most budgets about 8% to 10%. last night's deal basically kicked automatic that down the road. an
i think that will continue into the fight over the debt ceiling. the thing that the whi house doesn't like is they feel like a lot of this stuff is so unnecessary. this isn't something that ultimately. he can put that he extended a tax cut for the middle class, and that should be considered an achievement for him, but dealing with the debt ceiling, these aren't huge sweeping achievements he can say, look, i did something amazing. if it's something like entitlement reform, tax reform, that might...
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Jan 9, 2013
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i do not think it is a debt ceiling debate. the question is simple, do we want more debt or less debt. people like ted cruz and his colleagues say we should have less debt. republicans want less. the democrats want more get the same thing is to continue on the path we are on -- more. the insane thing to do is to continue the path we are on. we endorse responsible behavior. the only thing more irresponsible in shutting the government found it is continuing to suffocate ourselves in debt. we have 86 trillion dollars in unfunded liabilities the we have no idea how to pay. the previous guest said we could raise taxes on rich people. you could confiscate the wealth of every rich american, a new would be 30% short of the promises we have made. you cannot tax your way out of this. you need fundamental reform. we need to be serious about this. the pain of a temporary shutdown will pale in comparison to continue on the path we are on. host: what to make the fiscal cliff deal? guest: there was no good outcome. we oppose the final deal be
i do not think it is a debt ceiling debate. the question is simple, do we want more debt or less debt. people like ted cruz and his colleagues say we should have less debt. republicans want less. the democrats want more get the same thing is to continue on the path we are on -- more. the insane thing to do is to continue the path we are on. we endorse responsible behavior. the only thing more irresponsible in shutting the government found it is continuing to suffocate ourselves in debt. we have...
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the president can't let the debt ceiling expire. he can't face another downgrading, a further downgrading of the debt of the united states. >> just -- i agree with everything michael just said, just as a citizen to watch how this has all transpired over the course of the last couple weeks is really dispiriting, but going into this next conversation about what's going to happen with the debt limit, i think that there is some consensus that the era of allowing the nation to go into default is probably over. i think that republicans know that's not really something they are going to be able to toy with the way they were able to in the summer of 2011, and going forward, there's just going to have to be more consensus or else the american people are not going to stand for watching this happen every couple of months where congress brings it right to the brink and we just don't know what kind of progress is going to be made. >> moments last week in particular i was feeling very strongly, michael, when i was looking at some of the old pictu
the president can't let the debt ceiling expire. he can't face another downgrading, a further downgrading of the debt of the united states. >> just -- i agree with everything michael just said, just as a citizen to watch how this has all transpired over the course of the last couple weeks is really dispiriting, but going into this next conversation about what's going to happen with the debt limit, i think that there is some consensus that the era of allowing the nation to go into default...
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taking a back to the debt ceiling fight, when i think back to the summer of 2011, the new republican congress had been sworn in and tea party fever was in full bloom. a bunch of people were new to governing and wanted to prove how tough they were and how out there and pure they were. i think we are in a different place now. we have just seen really republicans sort of gazed over the brink of the cliff and pulled back and allowed the bill to come to a vote. allow it to pass without a majority so to speak. i was wondering, you specialize in economics, if you can lay out what the catastrophic consequences of not raising the debt ceiling are, we sort of lost in this debate how objectionable it really is to hole the nation hostage in that regard over raising the debt ceiling. can you spell it out what it mean fist we default. >> that's a great question and it's important to understand that. if we were not to raise the debt ceiling and we were to default on our debt, that would be a catastrophic event of event. if you think about it, most of the world's economy is run dollars. it's what co
taking a back to the debt ceiling fight, when i think back to the summer of 2011, the new republican congress had been sworn in and tea party fever was in full bloom. a bunch of people were new to governing and wanted to prove how tough they were and how out there and pure they were. i think we are in a different place now. we have just seen really republicans sort of gazed over the brink of the cliff and pulled back and allowed the bill to come to a vote. allow it to pass without a majority so...
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concerned in this country. >> narrator: and cantor had that debt ceiling threat. if the president wouldn't cut spending, he and the new republicans would force the issue. >> we all saw the debt ceiling as the best lever we had to make some changes, to deal with the spending problem, to deal with, the big government problem. >> if the government were to fail to raise the debt ceiling, you would see an immediate panic in the market... >> white house showdown with house republicans... >> narrator: at the white house, treasury secretary timothy geithner knew just how serious cantor's threat was. >> geithner says, "we could trigger a depression worse than the 1930s. it will be indelible. it will be... it will last for generations." tim geithner is one scared secretary of the treasury. >> when secretary geithner and the rest of us spoke to the president, we were very clear. a default would be unprecedented in our country. it would absolutely lead to a serious downgrading of our credit rating. >> narrator: geithner said they had only weeks to act before the country ran o
concerned in this country. >> narrator: and cantor had that debt ceiling threat. if the president wouldn't cut spending, he and the new republicans would force the issue. >> we all saw the debt ceiling as the best lever we had to make some changes, to deal with the spending problem, to deal with, the big government problem. >> if the government were to fail to raise the debt ceiling, you would see an immediate panic in the market... >> white house showdown with house...
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led by the tea party held up the debt ceiling. what they got was a whole process including what's calling the budget control act that led to the sequester. they really cut government spending. they got cuts in the first budget control act. further cuts when the sequester kicked in and ever since, we have had a series of crisis and there is no accident. republicans came in, broke the normal budget process and replaced it with a series of ad hoc measures each with its own deadline, its own hostage and this time around, the hostage is obama care, of course. the affordable care act. >> for the sake of our economy, we'll continue to do everything we can to repeal, dismantle an defund obama care. >> they are insisting on defunding obama care about the pride of continuing the resolution. >> now, americans face the prospect of another republican manufactured crisis to shut down the government. what's interesting to note proposals republicans are putting forward are not proposals. they are proposals to shut down government. they know what
led by the tea party held up the debt ceiling. what they got was a whole process including what's calling the budget control act that led to the sequester. they really cut government spending. they got cuts in the first budget control act. further cuts when the sequester kicked in and ever since, we have had a series of crisis and there is no accident. republicans came in, broke the normal budget process and replaced it with a series of ad hoc measures each with its own deadline, its own...
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Jan 16, 2013
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80, something like that. >> well, the voting for an increase in the debt ceiling by the republicans is gaining some real support here. a tweet by the former worker in the bush white house, he tweeted, i don't think i can make it anymore clear there is no alternative rational reason for raising the debt ceiling. and on the republican side, susan colins recognized it needed to be raised. that has already occurred. another item coming out of alaska on lisa murkowski, republican senator. at a news board meeting on january 9th, says she doesn't think the debt limit should be used for political leverage. she said not all of her colleagues in the senate will say it out loud. but she believes most agree that failing to raise the debt limit would harm perception of the country. jared bernstein, the momentum seems to be building for increasing insanity on the republican side on this question in congress. >> which is a good thing, one of the lessons here -- and it is interesting, you know, basically if rush limbaugh is upset about this, that means something probably good is happening in politics.
80, something like that. >> well, the voting for an increase in the debt ceiling by the republicans is gaining some real support here. a tweet by the former worker in the bush white house, he tweeted, i don't think i can make it anymore clear there is no alternative rational reason for raising the debt ceiling. and on the republican side, susan colins recognized it needed to be raised. that has already occurred. another item coming out of alaska on lisa murkowski, republican senator. at a...
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Jan 5, 2013
01/13
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the republican misinformation campaign on the debt ceiling got a big shot in the arm today thanks to senator john cornyn of texas. cornyn wrote an op-ed discussing the coming deadlines of the sequester, the continuing resolution to fund the government, and the debt limit. it may be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country, rather than plod along the path of greece, italy and spain. it caught the attention of a lot of folks. let's be clear. not raising the debt limit is not the same as a partial government shutdown. it would cause an immediate financial collapse with long-term national and global consequences. senator cornyn's office was asked if his government shutdown comments refer to the continuing resolution to fund the government or the debt ceiling or both. a spokeswoman said she didn't see a distinction between the two in terms of republicans using them as leverage. she says "i wouldn't look too much into it." she said," i think there are three big deadlines." you think? republicans want to use those thre
the republican misinformation campaign on the debt ceiling got a big shot in the arm today thanks to senator john cornyn of texas. cornyn wrote an op-ed discussing the coming deadlines of the sequester, the continuing resolution to fund the government, and the debt limit. it may be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country, rather than plod along the path of greece, italy and spain. it caught the attention of a lot of...
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Jan 5, 2013
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the republican misinformation campaign on the debt ceiling got a big shot in the arm today thanks to senator john cornyn of texas. cornyn wrote an op-ed discussing the coming deadlines of the sequester, the continuing resolution to fund the government, and the debt limit. it may be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country, rather than plod along the path of greece, italy and spain. it caught the attention of a lot of folks. let's be clear. not raising the debt limit is not the same as a partial government shutdown. it would cause an immediate financial collapse with long-term national and global consequences. senator cornyn's office was asked if his government shutdown comments refer to the continuing resolution to fund the government or the debt ceiling or both. a spokeswoman said she didn't see a distinction between the two in terms of republicans using them as leverage. she says "i wouldn't look too much into it." she said," i think there are three big deadlines." you think? republicans want to use those thre
the republican misinformation campaign on the debt ceiling got a big shot in the arm today thanks to senator john cornyn of texas. cornyn wrote an op-ed discussing the coming deadlines of the sequester, the continuing resolution to fund the government, and the debt limit. it may be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country, rather than plod along the path of greece, italy and spain. it caught the attention of a lot of...
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Jan 4, 2013
01/13
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of course overraising the debt ceiling. republicans are threatening not to cooperate, and if it doesn't get done it could send the entire global economy into a tailspin. now people are looking for other solutions. is there somewhere we can turn to get rationality? they have come up with some pretty unorthodox ways of going around congress. right now platinum coin is trending on twitter. why you might ask? because the possible has been raised to have the federal reserve mint a trillion dollar platinum coin. they can't print more paper money or produce more silver or gold, that's by law, but they actually could create a platinum coin, stamp it for a trillion dollars, put it in the federal reserve and solve the crisis just like that. oh so supporters claim. it does seem pretty crazy, but we're dealing with some pretty insane behavior now in washington. so here to weigh in on that issue is laura tyson she is now at uc berkeley's school of business, and current tv's economic advisor, and she is coming to us from washington. welc
of course overraising the debt ceiling. republicans are threatening not to cooperate, and if it doesn't get done it could send the entire global economy into a tailspin. now people are looking for other solutions. is there somewhere we can turn to get rationality? they have come up with some pretty unorthodox ways of going around congress. right now platinum coin is trending on twitter. why you might ask? because the possible has been raised to have the federal reserve mint a trillion dollar...
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Jan 14, 2013
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first, on the rising debt ceiling, the president took direct aim at republicans accusing them of using the nation's credit rating as a, quote, bargaining chip. >> the republicans in congress had two choices here. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect our ransom in exchange for not crashing the american economy. the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> and the debate over guns, one month after 26 children and adults were killed in newtown, and with the nra saying assault weapon ban would not pass congress, the president urged house members to, quote, examine their own conscience. >> the belief that we have to have stronger background checks, that we can do a much better job in terms of keeping these magazine clips with high capacity out of the hands of folks who shouldn't have them, an assault weapons ban that's meaningful, that those are things i continue to believe make sense. will all of them get through this congress? i
first, on the rising debt ceiling, the president took direct aim at republicans accusing them of using the nation's credit rating as a, quote, bargaining chip. >> the republicans in congress had two choices here. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect our ransom in exchange for not crashing the american economy. the issue here is whether or not america pays its bills. we are...
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in the fight ahead on defense spending, entitlement cuts and the debt ceiling. republicans warned president obama -- you got your tax hikes on the rich. it's time for deep spending cuts. >> the first step is for democrats to get over their fanatical commitment to guarding every single time the government ever got its hands on. >> reporter: in the senate and house action no big changes in the democrat/republican balance. that's a guarantee of continued gridlock. soon this could shuffle down government and imperil the u.s. economy. i'm steve handelsman s. news4, capitol hill. >> senator mark warner now becomes virginia's center senator after just four years in office. we'll hear his thoughts off immediate budget-cutting challenge facing the congress. >>> secretary of state hillary clinton is expected to return to work next week. her spokeswoman says details are still being worked out. the secretary was released last night after being treated for a blood clot. she's now resting at home. doctors say they don't want her making international trips for a while. the spo
in the fight ahead on defense spending, entitlement cuts and the debt ceiling. republicans warned president obama -- you got your tax hikes on the rich. it's time for deep spending cuts. >> the first step is for democrats to get over their fanatical commitment to guarding every single time the government ever got its hands on. >> reporter: in the senate and house action no big changes in the democrat/republican balance. that's a guarantee of continued gridlock. soon this could...
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Jan 3, 2013
01/13
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debt ceiling into a fight for cutting spending. take a look at what he had to say. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> what leverage does the white house have left if they've already now played the card on the precipice of the fiscal cliff with the election result at their back. why now going forward would they have the leverage to entertain some type of a grand bargain or to not have to negotiate over the fiscal -- the debt ceiling limitation. >> the answer is none, michael. when i heard the president said that, i thought good luck with that. >> right. >> the one thing that this republican-dominated congress has proven over the last four years that it can do is nothing. but we had two points of leverage. they had to deal with the sequester and they had to deal with things like the estate tax a
debt ceiling into a fight for cutting spending. take a look at what he had to say. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> what leverage does the white house have left if they've already now played the card on the precipice of the fiscal cliff with...
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will this be the ammution republicans need in their debt ceiling fight? coming up next. @a ♪ duty as a new york, here again is gerri willis. >> i want to bring you the latest developments. the 15 year old pakistan the girl shot in the head by th taliban has been released from a british hospital. officials say she is strong and recovering well, so she will have to be readmitted next month for anoother round of surgery to rebuild her skul. as we told you, she was shot in the head by muslim extremists for promoting growth and education in her own country. she will live with their parents and o brothers in the u.k. was a continues to receive treatment good news. meanwhile, the jobs report showing the slight growth. not really moving the economic neil. presence dollar an american enterprise institute and former consultanto the treasury department and steve son, president of capital public affairs and a former labo department official. all-starith you. where can get -- what you make of this report? >> 455,000, which was the jobs increases, the average for the past couple of
will this be the ammution republicans need in their debt ceiling fight? coming up next. @a ♪ duty as a new york, here again is gerri willis. >> i want to bring you the latest developments. the 15 year old pakistan the girl shot in the head by th taliban has been released from a british hospital. officials say she is strong and recovering well, so she will have to be readmitted next month for anoother round of surgery to rebuild her skul. as we told you, she was shot in the head by...
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Oct 10, 2013
10/13
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the debt ceiling. in exchange for a real commitment by this president and the senate majority leader to sit down and talk about the pressing problems that are facing all the american people. that includes a broad array of issues. we look forward to that happening and as you looked throughout history, presidents who have governed in a divided government have all sat down and talked with the other side. it's about time this is happenin happening. >> i'm hopeful for today. this is something that republicans have been waiting quite some time for. we never wanted to shut down. that's why our very last bill has said let's go to conference. we're thankful the president is willing to talk today. we're coming there with an idea of getting there, to deal with these economic drivers that harm the economy. the drivers that continue to add debt. so when we make an offer today for a temporary extension, we're looking for a structure that puts us on a path to get a budget, to take care of the debt and move this econo
the debt ceiling. in exchange for a real commitment by this president and the senate majority leader to sit down and talk about the pressing problems that are facing all the american people. that includes a broad array of issues. we look forward to that happening and as you looked throughout history, presidents who have governed in a divided government have all sat down and talked with the other side. it's about time this is happenin happening. >> i'm hopeful for today. this is something...
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Jan 2, 2013
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what they believe is going to happen, on the debt ceiling republicans are going to say we're not going to raise the debt ceiling unless you give us a very significant amount dollar for dollar spending cuts. and this time they want the spending cuts in medicare in social security, and medicaid. they think the debt ceiling is where they have all the leverage. so they were able to take the points of the agreement, which was the fiscal cliff and the taxes, where it would go up automatically, get up with the smaller tax increase than expected. now we sort of move to the republican portion of the leverage agreement. republican republicans say there is no way they would be held hostage. if republicans want further spending cuts they will have to match it with tax increases. which side is right on that ultimately it is going to be decided who got the better end of this deal. >> ezra klein, thank you as always, happy new year to you. >> all right, we'll be right back. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big dea
what they believe is going to happen, on the debt ceiling republicans are going to say we're not going to raise the debt ceiling unless you give us a very significant amount dollar for dollar spending cuts. and this time they want the spending cuts in medicare in social security, and medicaid. they think the debt ceiling is where they have all the leverage. so they were able to take the points of the agreement, which was the fiscal cliff and the taxes, where it would go up automatically, get up...
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Jan 2, 2013
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republicans say they will force a debt ceiling negotiation and they are going to get spending cuts. it will be one to one for every dollar increase with big spending cuts and no board tax cuts. we are only going to negotiate over tax reform and spending cut packages. either one side is right in the other is wrong or they are both wrong and we will reach the debt ceiling. three possibilities on the table, one very, very dangerous for the economy. they can't all be right, only one can be right. >> when you look at this, talking about the debt ceiling, and we pushed into the first couple of months of the new year, should we expect another confrontation as we have experienced here during new year's? >> there is no evidence that congress, the american political system at this period in time can do anything in advance. they are always cramming. they are always going over cliffss. it is an embarrassing way to run a government. again, i want to be very clear that the debt ceiling is a much more dangerous negotiation. what i would love to tell you is that there is nobody in the government cr
republicans say they will force a debt ceiling negotiation and they are going to get spending cuts. it will be one to one for every dollar increase with big spending cuts and no board tax cuts. we are only going to negotiate over tax reform and spending cut packages. either one side is right in the other is wrong or they are both wrong and we will reach the debt ceiling. three possibilities on the table, one very, very dangerous for the economy. they can't all be right, only one can be right....
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Sep 20, 2013
09/13
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the republicans are saying we will give you the debt ceiling increase but we want you to give us and the american people something in return. they are asking for a dollar for dollar offset. if you are raising the debt ceiling for the next year then offset it by spending reductions and en titlement spending over the next decade. that's a reasonable formula which the president has agreed to in a previous debt ceiling vote. >> i think the american people -- if i can be so bold to speak to them, they have now seen the debt ceiling fight over 40 times in the last 30 years. there have been agreements. some have been fight it is last two times. this time and the time before. i bet the american people think when they have spending problems at home they reached the top of their visa or american express and they tighten the belt. they don't call up visa and say, put another $5,000 on it. or not twice because they are worried they can't pay. >> we have two votes. one is the debt ceiling vote itself. we adopt a budget resolution and passed the 12 appropriations bills that determine how much the
the republicans are saying we will give you the debt ceiling increase but we want you to give us and the american people something in return. they are asking for a dollar for dollar offset. if you are raising the debt ceiling for the next year then offset it by spending reductions and en titlement spending over the next decade. that's a reasonable formula which the president has agreed to in a previous debt ceiling vote. >> i think the american people -- if i can be so bold to speak to...
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Jan 11, 2013
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. >> karl rove blows up the republican debt ceiling ruse. americans livi in poveis y at an all-time high. senator bernie sanders is here with the outrage on inequality. >>> junior seau's test results may finally push the nfl to address head injuries. we're taking a look into the findings. >>> oscar nominations were released today. but how heavy will politics weigh with the academy? >> they stay here, they will be taken. probably not alive. >> david edelstein gives us the scoop. >>> good to have you with us tonight, folks. thanks for watching. another group of parents received the terrifying news today when a shooting erupted at their children's school. at the exact time vice president joe biden was meeting with groups on solutions to gun violence a gunman opened fire at a high school in bakersfield, california about 120 miles northwest of los angeles. police say a 16-year-old shooter was armed with a shotgun. at least two people were shot, including one student who was in critical condition. there is usually an armed police officer at the sc
. >> karl rove blows up the republican debt ceiling ruse. americans livi in poveis y at an all-time high. senator bernie sanders is here with the outrage on inequality. >>> junior seau's test results may finally push the nfl to address head injuries. we're taking a look into the findings. >>> oscar nominations were released today. but how heavy will politics weigh with the academy? >> they stay here, they will be taken. probably not alive. >> david edelstein...